Firan Technology Group (TSE:FTG) Price Target Raised to C$30.00 at Raymond James Financial

Firan Technology Group (TSE:FTG) had its price objective increased by Raymond James Financial from C$24.00 to C$30.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Separately, ATB Cormark Capital Markets set a C$30.00 target price on Firan Technology Group and gave the company an “outperform” rating in a research note on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$30.00.

Firan Technology Group Trading Down 4.0%

FTG stock traded down C$0.97 during midday trading on Friday, reaching C$23.30. The company’s stock had a trading volume of 78,806 shares, compared to its average volume of 98,620. Firan Technology Group has a 52 week low of C$9.78 and a 52 week high of C$26.63. The company has a quick ratio of 1.53, a current ratio of 2.66 and a debt-to-equity ratio of 26.70. The stock has a market cap of C$586.53 million, a PE ratio of 39.49 and a beta of 2.16. The business’s 50-day simple moving average is C$22.19 and its 200-day simple moving average is C$18.76.

Firan Technology Group (TSE:FTG) last released its earnings results on Wednesday, July 8th. The company reported C$0.20 earnings per share for the quarter. The firm had revenue of C$52.73 million for the quarter. Firan Technology Group had a return on equity of 15.33% and a net margin of 7.46%. As a group, sell-side analysts expect that Firan Technology Group will post 0.4199717 EPS for the current year.

About Firan Technology Group

FTG is an aerospace and defence electronics product and subsystem supplier to customers around the globe. FTG has two operating units: FTG Circuits: A manufacturer of high technology, high reliability printed circuit boards. Our customers are leaders in the aviation, defence, and high technology industries. FTG Circuits has operations in Toronto, Ontario, Chatsworth, California, Fredericksburg, Virginia, Minnetonka, Minnesota, Haverhill, Massachusetts, and a joint venture in Tianjin, China. FTG Aerospace: Designs, certifies, manufactures, and provides in-service support for illuminated cockpit products and electronic assemblies for original equipment manufacturers and operators of aerospace and defence equipment.